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Governance

Yen loans backfire as Japan’s currency turns volatile

Bangladesh's strategy of borrowing in Japanese yen to avoid paying high dollar-based interest rates has started backfiring due to the currency volatility and rising interest rates in Japan.

The South Asian country has, for instance, ended up losing $13 million to exchange rate differences on a recent $600 million budget support loan from the Asian Development Bank, taken entirely in yen, according to a report in Bangladesh’s Business Standard newspaper.
Last year, too, the government t...

$1b Soybean deal strengthens US-BD agro trade

A consortium of Bangladesh’s top three soy crushing companies—Meghna Group, City Group, and Delta Agro—committed to the purchase of $1 billion of U.S. soybeans over the following twelve months.

The landmark agreement with the U.S. Soybean Export Council (USSEC), a trade association representing the interests of U.S. soybean farmers abroad, signals a growing export market for high-quality U.S. agricultural products in Bangladesh.
U.S. Chargé d’Affaires Tracey Jacobson welcomed the agreement, underscoring Ban...

Army hopes to normalise law & order if election held

Bangladesh Army today said the law and order situation will return to normalcy if the planned national election in February is held, paving the way for their return to barracks.

“Like the country’s people, the Bangladesh Army is expecting a free, fair, impartial and festive election as per the government outline,” Army Training and Doctrine Command’s (ARTDOC) general officer commanding Lieutenant General Md Mainur Rahman told a media briefing at Dhaka Cantonment.
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Netherlands visa center in Dhaka launched

The Netherlands Embassy in Dhaka and VFS Global have launched a new, state-of-the-art Netherlands Visa Application Centre in Banani to enhance visa services for Bangladeshi travellers. [caption id="attachment_34421" align="alignleft" width="1599"] The Netherlands Embassy in Dhaka and VFS Global have launched a Netherlands Visa Application Centre in Dhaka. Photo: Collected[/caption] Netherlands ambassador to Bangladesh Joris van Bommel today inaugurated the centre that will facilitate sho...

Khaleda to contest from 3 constituencies, Tarique 1

BNP Chairperson and former Prime Minister Begum Khaleda Zia will contest from three constituencies in the upcoming 13th parliamentary election.

Begum Khaleda Zia will contest in the upcoming election from the Dinajpur-3, Bogura-7 and Feni-1 constituencies. BNP Acting Chairman Tarique Rahman will contest from the Bogura-6 constituency
BNP Secretary General Mirza Fakhrul Islam Alamgir announced at a press conference at the BNP Chairperson's office in Gulshan th...

Tk 1 lakh bribe to ‘execute’ court order

A shocking case of fraud has been uncovered in connection with the enforcement of a court order concerning a property in Dhaka’s Dhanmondi area owned by a London-based expatriate.

Disturbingly, the fraud appears to involve individuals directly linked to the court itself. Allegations of tampering with the main court case file have surfaced, along with claims that Tk 100,000 in bribes was taken from a tenant during the...

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